Is Bitcoin Crashing As Of Early July 2013?

John Jeffrey Mardlin, Founder at http://Coinforest.com The answer is definitely, maybe, kind of! Your chart shows just over two months … they look rough! But, in fact they happen to be among the calmer months in bitcoin’s life history. How about this chart: (http://blockchain.info/charts/ma… ) Oh, my gosh! That makes the current situation look less like a crash, and more like a reversion to a smooth increase over time. Or how about this logarithmic chart: You’ll see that the recent price swings, despite being massive compared to any other mainstream currency, are quite small in proportion the over all increase, and previous price swings. I generally subscribe to the philosophy that anyone who pretends to understand what is going on in such an unpredictable situation is full of crap. But, I’ll regurgitate some of the speculation going around about current price fluctuations...